I'm very new here too, but I recommend you to start reading the free Guide provided by this website.

The question is, how does the broker have to be connected to the company within the entity for us to legally be able to operate in the state.Can they be in an advisory position (Board of Directors) or do they have to be a partner with equity.

I understand the general concept but I am not comfortable enough yet with the details to accurately explain the positives and potential negatives to my client.

You are after a door handle that is always in the locked position or rigid.  

dont go by some website, read the actual state statute its all on line https://docs.legis.wisconsin.gov/statutes/statutes...

(loan against my dot/note)$50,000 1st position deed of trust/note (only lien on title)Secured by $450,000+ newly remodeled property with clean titleNo interest rate, past balloon date so can be called due at any time (was placed as interest in home)Property is titled to an LLC so homestead exemption wouldn't apply in event needed to forecloseLooking for a short-term loan using the note and deed of trust as collateral. 

Remember that the net positive cash flow is good, but the asset value appreciation is where the real wealth-building opportunity lies. 

Proximity and identification of higher worth asset pockets becomes difficult/volatile to predict.Political environment and societal expectations that can be borderline ideological with regards to the aboveIf the crime does not get under control (see the above thoughts on education, gini, poverty, etc) this will weigh on perceptions and asset values for years to comeOn the upside:Indy is positioned well as a logistics hub which fueled growth, and it has a reasonably diversified economy.There is access to high quality higher education in the area.I will not invest in Indy although I did look at it awhile back.

For those of you who have already started your investing journey, any advice you have for someone in my position?

Its my first potential commercial renter.need some averages or source for averages.1st floor, 2 office space, with half bath, kitchenette, on main st small town, with heat, water, electric included.modern 850 sqft office with 1000 sqft dry basement. parking, plowing, etc included. local realtor said all utilities incld avg on busiest road is $13-14 sqft.how accurate is website reonomy?